In a significant political shift, U.S. Treasury Secretary Scott Bessent is urging Congress to drop the controversial Section 899 tax proposal following a groundbreaking agreement with G7 nations. This move could alter the landscape of U.S. corporate taxation as Trump aims to fulfill his promise to exit the OECD tax deal.
The emerging GOP tax proposal could add over $2.5 trillion to the federal deficit, igniting fierce debate among lawmakers. Critics warn it risks an economic calamity by favoring tax cuts for the wealthy while slashing essential programs.
Get ready for potential tax savings! House Republicans unveil a new tax package that could keep tax breaks intact and provide additional relief for families, seniors, and workers. Find out how this affects you!
In a surprising move, Trump has openly considered a tax hike on the wealthiest Americans, sparking debate within the GOP. His comments raise questions about the party's future direction amidst fiscal challenges.
In a surprising move, President Trump has instructed congressional Republicans to consider raising taxes on the wealthiest Americans, challenging his party's consensus on tax cuts and fiscal policy.
